TruAlt Bioenergy bagged ethanol supply contract with India’s leading Oil Marketing Companies (OMCs) under the ethanol blending program for the ethanol supply year (ESY) 2024-25.
The contract, marking the country’s largest ethanol order in the first cycle of ESY 2024-25, covers 300 million liters, strengthening TruAlt’s commitment to meeting India’s fuel needs and advancing the government’s ethanol-blending goals.
Broader Supply Commitments to Private Players and Industry Sectors
In addition to its agreement with OMCs, TruAlt Bioenergy has also secured an order to supply approximately 65 million liters of ethanol to private players.
Furthermore, the company will deliver 50 million liters of Extra Neutral Alcohol (ENA) to various industries, amplifying its impact across both the energy and industrial markets in India.
Expanding Nationwide Reach with Robust Production Capacity
As India’s largest ethanol producer, TruAlt Bioenergy will supply ethanol to major locations nationwide, leveraging its impressive production capacity of 1.4 million liters per day and a 4.3% market share.
The company continues to uphold high industry standards, solidifying its leadership in the ethanol market and its commitment to supporting India’s renewable energy goals.
Driving National Ethanol Blending Targets and Energy Security
TruAlt Bioenergy’s Founder and Managing Director Vijay Nirani stated, “TruAlt Bioenergy is committed to working closely with the government as we progress toward higher blending levels. We aim to be a consistent and reliable partner in achieving India’s energy goals”.
Significant National Impact of India’s Ethanol Blending Program
For ESY 2024-25, OMCs have invited bids for approximately 9.16 billion liters of Denatured Anhydrous Ethanol to achieve a 15% nationwide blend.
The Ethanol Blending Program has generated substantial benefits over the past decade, saving ₹1,060.72 billion in foreign exchange, cutting CO₂ emissions by 544 lakh metric tons, and replacing 181 lakh metric tons of crude oil.
As reported by konexionetwork.com, the program has also fuelled economic growth, with OMCs disbursing ₹1,459.3 billion to distillers and ₹875.58 billion to farmers across India.
